The market extended Monday’s uptrend by opening slightly higher in the morning, and maintained the momentum for the whole day’s trading before finally climbing beyond 2,800 points.

Chinese shares rebounded on Tuesday amid an economic recovery across the globe, especially in Asian stocks.

Japan’s 225-issue Nikkei Stock Average closed 0.2 percent higher, following its surge of over seven percent on Monday.

Market confidence was restored after a prominent official reassurance about the yuan’s steadiness — the governor of China’s central bank dismissed speculation about RMB depreciation in an interview with financial magazine Caixin.

The central parity rate of the yuan strengthened by 196 basis points to 6.5118 against the US dollar on Monday.

The market sentiment was also boosted by new data showing that China’s bank lending exploded in January.